Thursday, 3 September 2015

Answers: 7 Question Challenge - 1 - 2015-16

1. Which of these is not a monetary policy tool?

C. Balance account

2. Inflation is a sustained increase in the level of?

D. Prices

3. Monetary policy refers to what the Reserve Bank of India does to influence the amount of __________ and __________ in the Indian economy.
C. Money and credit

4. The goals of monetary policy do NOT include the promotion of _________________.

D. Low taxes

5. Expansionary monetary policy is most effective when

A. The economy has spare capacity

6. Who was the first Indian Governor of the Reserve Bank of India?
Dr. C. D. Deshmukh


7. Can you guess the name of this economist?


Dr. Amartya Kumar Sen. He was awarded the Nobel Memorial Prize in Economic Sciences in 1998 and Bharat Ratna in 1999 for his work in welfare economics. He was also awarded the inaugural Charleston-EFG John Maynard Keynes Prize in recognition of his work on welfare economics in February 2015 during a reception at the Royal Academy in the UK.

CONGRATS TO NEHA AND VIVEK FOR GETTING 6/7 AND ARZOO FOR 5/7

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